Bao Shi Technology: It is expected that the net profit attributable to the parent in the year 2025 will be between -80 million yuan and -140 million yuan.

Baoshui Technology Announcement: It is expected that the net profit attributable to the parent company in 2025 will be -140 million yuan to -80 million yuan, and the net profit after deducting non-recurring gains and losses will be -230 million yuan to -170 million yuan. In 2025, facing a severe and complex external environment, the company will continue to optimize its smart logistics business, improve service quality with technological empowerment, and vigorously promote market expansion to steadily enhance its core competitiveness.